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The Three Major Causes Of The Great Depression

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The 3 Major causes of The Great Depression
“The miserable failures of capitalist economies in the Great Depression were root cause of worldwide social and political disasters.” (James Tobin, American Economist) The Great Depression had a massive effect on all the aspects of American life. The three major causes of the great depression were deflation, demand and unemployment.
The Great Depression began when the stock market crashed in October 1929. When the stock market crashed it changed American’s labor. The roaring twenties the stock market and economy soared. The crash appeared unfixable and unbearable. There were more goods produced than were needed, and people buy them, jobs disappeared. This event was a spiral that ended with equipment

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